Analysts Bump Up Waste Connections' Price Target On Strong Q3 Results

Akanksha

Fri, Oct 29, 2021, 3:59 PM1 min read

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RBC Capital analyst Walter Spracklin raised Waste Connections Inc's (NYSE: WCN) price target to $147 (an upside of 8%) from $139 and maintained an Outperform rating.
Spracklin noted the company reported "strong" Q3 results and raised guidance, highlighting its ability to execute amidst an uncertain and changing industry and macro backdrop.
The analyst adds that the quarter's performance should serve as a differentiator for Waste Connections, further supporting the forward multiple premium it has enjoyed over peers historically.
Deutsche Bank analyst Kyle White raised the price target to $145 from $135 and maintained a Buy rating post the Q3 results.
Given its pricing power, the analyst views the challenging labor and inflationary environment as a competitive advantage to Waste Connections. He believes it could bring more private company sellers to the market for further consolidation.
Raymond James analyst Patrick Tyler Brown raised the price target to $152 (an upside of 11.5%) from $144 and maintained a Strong Buy rating.
Price Action: WCN shares traded higher by 2.53% at $136.1 on the last check Friday.

Latest Ratings for WCN

Oct 2021	Raymond James	Maintains	Strong Buy
Oct 2021	RBC Capital	Maintains	Outperform
Oct 2021	Keybanc	Maintains	Overweight

View More Analyst Ratings for WCN
View the Latest Analyst Ratings

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Analysts Bump Up Waste Connections' Price Target On Strong Q3 Results

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